Archive for April 2012

A sprawling newer home in Western Springs Old Town North

Western Springs is situated between La Grange and Hinsdale. The attractions of Western Springs, apart from its small-town atmosphere, include its easy access to downtown Chicago by Metra, good expressway access to O’Hare and Midway Airports, excellent schools and parks, a varied housing stock and a pedestrian-friendly downtown. The 5-bedroom, 5 ½ bath, 3-car garage... Read more »

A classic home in the La Grange Historic District

The La Grange Historic District covers a lot ground and encompasses a large number of buildings – nearly 1,000. It was added to the National Register of Historic Places in 1979, and ranks as one of the largest historic districts in the Chicago area. The home at 113 S Kensington Ave is in the Historic... Read more »

Chicago home prices fall for sixth consecutive month

It’s the last Tuesday of the month, a/k/a Case-Shiller Tuesday, and the results are in for February home price trends. The seasonally-adjusted index for metro-area Chicago single-family homes dropped 0.73% from the previous month and dropped year-over-year by 6.84%. This places the current index just below price levels prevailing in January of 2001. The seasonally-adjusted... Read more »

A thin supply of new rental homes in western suburbs

We include the following suburbs in a “near west” group for which we periodically scan available rentals: Oak Park, River Forest, La Grange, La Grange Park, Western Springs, Downers Grove, Oak Brook, Oak Brook Terrace, Hinsdale, Brookfield, Berwyn, Cicero and Forest Park. During the past 7 days only 28 homes and condos were newly listed... Read more »

Signs of hope or bouncing along the bottom in Downers Grove?

Neumann Homes was the first of Chicago’s large locally-based builders to file for bankruptcy protection during the current housing downtown. The company’s 2007 filing was a harbinger of far more pain ahead for the homebuilding industry – the proverbial canary in the coal mine. Trib Local is reporting that developer Ken Neumann, now billing his... Read more »

Home sales volume up sharply in Chicago metro area

The following market update arrived via a news release from RE/MAX Northern Illinois: A RE/MAX analysis of March home sales activity in the metropolitan Chicago real estate market indicates that the marked increase in home sales activity seen in recent months is beginning to have a positive impact on home prices. According to RE/MAX, combined... Read more »

The housing cost burden in Hinsdale and Oak Brook

The US Department of Housing and Urban Development explains the concept of a “housing cost burden” as follows: Families who pay more than 30 percent of their income for housing are considered cost burdened and may have difficulty affording necessities such as food, clothing, transportation and medical care. Most of us simply take it for... Read more »

Western Springs is a town where everyone knows everyone

“It’s not the town for you if you want to be anonymous,” says Ann-Marie Hickey about the Village of Western Springs, which has been her home for the past 20 years. “It’s Mayberry.” Ann-Marie is a real estate agent with Realty Executives. After wrapping up a sponsored video shoot at a beautiful home she’s currently... Read more »

A lakefront home in Downers Grove

Most people who are familiar with Downers Grove would find themselves in head-scratching mode when contemplating the possibility of lakefront property in the village. There are a few ponds in Downers Grove that, with a bit of stretching, you might be able to call a lake. What about fish-rich Bruce Lake, where there’s a home... Read more »

Tap into the Illinois Building Blocks Program for your next home

What is the Illinois Building Blocks Pilot Program? Telling you that it’s “a holistic strategy to deal with the foreclosure crisis” isn’t very informative – and is probably a nonsensical description at best. It’s easier to think of it as $10,000 in down payment assistance for buyers purchasing in Berwyn, Maywood, Park Forest and several... Read more »